Ashton Thomas Private Wealth advisor Justin Limmer (CRD# 3179262) was recently terminated by MS Howells & Company in connection with...Read More
Did Fidelity Advisor Sara Scaldini Fail to Follow Instructions?
Boca Raton financial advisor Sara Scaldini (CRD# 4944126) was the subject of a recent investor complaint alleging she failed to follow her client’s instructions, leading to significant losses. As a review of records provided by the Financial Industry Regulatory Authority shows, Ms. Scaldini is a broker with Fidelity Brokerage Services and an investment advisor with Fidelity Personal and Workplace Advisors.
FINRA, a private corporation that regulates its member broker-dealer firms, maintains a record called a “BrokerCheck report” for every associated broker. This report details the individual’s employment history, any customer complaints they’ve received, and any enforcement actions taken against them by securities regulators like FINRA or the Securities and Exchange Commission.
Ms. Scaldini’s BrokerCheck report discloses two complaints filed by investors. The most recent was filed in October 2022 by a customer of her current member firm, Fidelity Brokerage Services. The client alleged that she failed to follow instructions, causing market losses. It alleged damages of $3 million and was denied by the firm after a review of the allegations. Investors should be aware that a complaint’s denial does not necessarily mean its allegations are groundless, simply that the firm made such a determination.
A second investor complaint listed on Ms. Scaldini’s BrokerCheck report was filed in 2008. It alleged that as a representative of Merrill Lynch, she made misrepresentations and unsuitable investment recommendations involving annuities and other products. The complaint also alleged that she failed to follow instructions. In 2009 it reached a settlement of $90,000.
Financial Industry Regulatory Authority records show that Sara Scaldini has 17 years of securities industry experience. She is currently based in Boca Raton, Florida, where she has been registered with Fidelity Brokerage Services since 2012. Her past registrations include Strategic Advisors and Merrill Lynch; her credentials include the passage of four qualifying exams, including the Series 31 exam and the Series 7 exam. (Information current as of November 9, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.